A strong day for technology stocks helped the FTSE 100 to rise 52.5 points to 5233.1. A...
A strong day for technology stocks helped the FTSE 100 to rise 52.5 points to 5233.1.
ARM Holdings and Logica spearheaded the new economy charge after Nokia said fourth-quarter earnings exceeded expectations and it maintained its estimate for mobile-phone sales this year.
ARM shares improved 30p to 333p - its chip designs are used in approximately 80% of mobile phones. Meanwhile, Logica, Europe's largest provider of software for mobile phone companies, rose 45p to 580p.
Other prominent risers included index heavyweight Vodafone as it put in a gain of 6p to 164.75p. Reuters lifted 5.2% to 605p, undoing some of yesterday's 5.4% fall.
Elsewhere though, Energis plummeted 57% to an all time low of 23p. The group warned sales and full-year earnings for 2002 are unlikely to meet analysts' forecasts.
Over in the US at midday all the major indices were higher, boosted by some cheery comments from Alan Greenspan in testimony to Congress. He said "Some of the forces that have been restraining the economy over the past year are starting to diminish."
The Dow Jones added 79 to 9810, the Standard & Poor's 500 rose 8 to 1136 whilst the Nasadaq improved 29 to 1951.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till